Luxembourg: Abs Copolymers Market 2024

Abs Copolymers Market Size in Luxembourg

The Luxembourg ABS copolymers market rose remarkably to $X in 2021, growing by 6.5% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.5% against 2012 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Abs Copolymers Production in Luxembourg

In value terms, ABS copolymers production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Abs Copolymers Exports

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded decline in shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which decreased by -96.7% to X kg in 2021. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 289%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, ABS copolymers exports fell notably to $X in 2021. In general, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 285% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for ABS copolymers exports from Luxembourg, with a 80% share of total exports. Moreover, ABS copolymers exports to Denmark exceeded the volume sent to the second major destination, Portugal (X kg), ninefold. France (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-75.5% per year) and France (-62.5% per year).

In value terms, Denmark ($X) emerged as the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Luxembourg, comprising 84% of total exports. The second position in the ranking was held by Portugal ($X), with a 6.9% share of total exports. It was followed by France, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-70.1% per year) and France (-58.8% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, rising by 142% against the previous year. Overall, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+394.6%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Luxembourg

In 2021, supplies from abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by -98.8% to X kg, falling for the third year in a row after four years of growth. In general, imports, however, recorded slight growth. The growth pace was the most rapid in 2013 when imports increased by 10,568% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ABS copolymers imports declined remarkably to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 4,161% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Austria (X kg), the United States (X kg) and France (X kg) were the main suppliers of ABS copolymers imports to Luxembourg, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers suppliers to Luxembourg were Austria ($X), Switzerland ($X) and the United States ($X), with a combined 90% share of total imports.

Austria, with a CAGR of +39.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, rising by 407% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+80.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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